Assetmark Inc. Has $4.11 Million Stock Position in KB Home (NYSE:KBH)

Assetmark Inc. reduced its stake in shares of KB Home (NYSE:KBH) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,597 shares of the construction company’s stock after selling 412 shares during the period. Assetmark Inc. owned approximately 0.09% of KB Home worth $4,114,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KBH. Van ECK Associates Corp raised its holdings in KB Home by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 44,117 shares of the construction company’s stock worth $3,780,000 after buying an additional 12,605 shares during the period. Atria Investments Inc lifted its position in shares of KB Home by 19.9% in the third quarter. Atria Investments Inc now owns 7,610 shares of the construction company’s stock worth $652,000 after purchasing an additional 1,262 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of KB Home by 12.7% in the third quarter. Crossmark Global Holdings Inc. now owns 7,583 shares of the construction company’s stock worth $649,000 after purchasing an additional 854 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in KB Home by 21.1% during the third quarter. Los Angeles Capital Management LLC now owns 29,218 shares of the construction company’s stock worth $2,504,000 after purchasing an additional 5,094 shares during the last quarter. Finally, Jupiter Wealth Management LLC grew its position in KB Home by 1.2% in the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 225 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Down 0.7 %

Shares of NYSE:KBH opened at $64.00 on Friday. KB Home has a 52-week low of $59.00 and a 52-week high of $89.70. The company has a market capitalization of $4.62 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a 50-day simple moving average of $64.99 and a 200 day simple moving average of $74.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. Sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.56%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Analyst Ratings Changes

Several equities research analysts have commented on KBH shares. Raymond James reissued an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays decreased their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and an average price target of $75.38.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.44% of the company’s stock.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.